National Foods Ltd. profits fall 35% to Rs. 288 million

By
News Desk
-

National Foods Pakistan today announced financial result for the half year ending December 31st, 2018. The company release revealed a rise in sales during the period by more than 11% to clock in at 7.63 billion.

On the other hand, the company’s cost of sales grew in tandem of sales by 10%, at 5.017 billion. On the expenses front, company’s Administrative costs took a jump of more than 40% during the period, along with a 28% increase in Distribution costs.

In lieu with the increase in costs the bottom lien profits took a dip downward by more than 35%; standing at 288.602 million against 444.303 million during the same period last year.

The company reported an EPS of Rs. 2.79 vs. an EPS of Rs. 4.29 during half year ending December, 2016. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Half Year Ended, December 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Sales

7,630,258

6,833,615

11.66%

Cost of Sales

5,017,397

4,551,407

10.24%

Gross Profit

2,612,861

2,282,208

14.49%

Distribution Costs

1,655,270

1,291,934

28.12%

Administrative Expenses

407,277

281,021

44.93%

Other Expenses

46,780

46,651

0.28%

Other Income

13,264

8,647

53.39%

Operating Profit

516,798

671,249

-23.01%

Finance Costs

49,164

29,467

66.84%

Profit before Taxation

467,634

641,782

-27.14%

Taxation

179,032

197,479

-9.34%

(Loss)/Peofit after Taxation

288,602

444,303

-35.04%

Other Comprehensive Income

–

–

 

Total Comprehensive Income for the period

288,602

444,303

-35.04%

(Loss)/EPS per share

2.79

4.29

-34.97%

Company release on Earnings Report can be accessed here.

Posted on: 2018-02-26T11:24:00+05:00

RELATED ARTICLESMORE FROM AUTHOR